India Daybook: May 28, 2026

The Indian stock markets (NSE and BSE) are closed today, May 28, 2026, in observance of Bakri Id (Eid al-Adha). Despite the trading holiday, significant corporate developments include robust institutional demand for the Coal India OFS and major contract wins for Enviro Infra and Goodluck India.

📍 MARKET HOLIDAY

• The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are closed today, May 28, 2026, for Bakri Id. Trading across equity, debt, and currency segments will resume on Friday, May 29.
• The Multi Commodity Exchange (MCX) is closed for the morning session but will resume trading for the evening session starting at 5:00 PM IST.

📍 OFS UPDATE

• Coal India: The government's Offer for Sale (OFS) received an overwhelming response from institutional investors on Day 1 (May 27), with bids worth approximately ₹19,000 crore. The retail portion of the OFS is set to open on Friday, May 29, with a floor price fixed at ₹412 per share.

📍 ORDER WIN

• Enviro Infra Engineers: Its step-down subsidiary, Suyog Urja Limited, has secured a major contract worth ₹207.47 crore from CGE 30 Hybrid Energy Private Limited. The project involves Balance of Plant (BoP) works for a hybrid renewable energy project and is slated for completion by June 2027.
• Goodluck India: The company announced a fresh domestic order win valued at ₹52 crore for precision structures, further strengthening its revenue visibility for the specialty steel segment in FY27.
• AXISCADES Technologies: The firm bagged a strategic ₹6.9 crore contract from DRDO’s Research & Development Establishment (Engineers) for the manufacturing and integration of Mobile Mast Systems.

📍 EARNINGS

• Enviro Infra Engineers: The Board of Directors is meeting today, May 28, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
• AXISCADES Technologies: Reported a dual-edged Q4 FY26 performance. While revenue remained stable at ₹270 crore, net profit collapsed by 98.7% YoY to ₹40 lakh due to intense margin pressure and operational costs.
• Redtape: The company reported a strong Q4 show with a 70% YoY jump in net profit and significant margin expansion.

📍 ACQUISITION

• Black Box Limited: The Essar Group’s technology arm has successfully completed the acquisition of Brazil-based 2S Inovações Tecnológicas S.A. The move is expected to bolster its Latin American footprint and contribute roughly ₹500 crore to its annual revenue.

📍 CORPORATE MILESTONE

• Adani Power: The company achieved a significant milestone by overtaking Infosys in total market capitalization, following a massive 65% year-to-date rally in its share price.
• Hindalco Industries: The stock hit a new 52-week high of ₹1,154 on the back of rising global aluminium prices and strong domestic demand.

📍 STOCK IN FOCUS

• HDFC Bank: Shares remain under scrutiny following reports of a probe into interest payments worth ₹45 crore. The bank has officially "strongly rejected" these claims, calling them baseless.

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